Oh my in the O-T well stocks reversing higher in this final trading day of the holiday

shortened week with the NASDAQ leading the way.

That's a scorecard on Wall Street but the action is just getting started.

Welcome to closing bell overtime. I'm Morgan Brennan.

John Fort is off. We are awaiting breaking news on the Fed's latest balance sheet data

that report has been closely watched following the collapse of Silicon Valley Bank and we will

bring it to you as soon as it is released. Plus we will get instant reaction from former

Atlanta Fed President Dennis Lockhart and find out why he thinks there is a heightened

risk of the Fed over shooting. But let's get straight out to our market panel.

Joining us now are Tony Creschenzy from Pimco and Darrell Kronk from Wells Fargo.

Good afternoon to you both.

Darrell I'll start with you. We had a lower week for the major averages but we

did reverse higher in this trading session today

despite the weaker than expected data we've seen all week long you'll buy or a

seller of this market. Boy good afternoon Morgan.

Still have to be a seller here.

I think the interesting thing underneath the surface beyond the broad index,

when you look at what happened this week, small caps,

plumbed new lows, you had industrials roll over hard, if you look at the charts,

and banks still continue to languish.

Financials can't get off their back, there's no bounce there coming off the March problems so when you

look underneath the surface the technicals and fundamentals don't look good

...